Economy, Domestic Economy

Chinese Apparel Reexported From Turkey to Iran

Chinese Apparel Reexported From Turkey to IranChinese Apparel Reexported From Turkey to Iran

The preferential tariff agreement between Iran and Turkey has given rise to the export of cheap Chinese apparel from Turkey to Iran under the guise of Turkish brands, the head of Tehran Knitwear and Socks Producers and Sellers Association said. Ali Asghar Behbahani added that these exports take advantage of low tariff rates. “This is while domestic producers are capable of manufacturing all types of knitwear of higher qualities compared to the Chinese,” he was quoted as saying by ILNA, adding that the influx of cheap Chinese brands has effectively reduced domestic manufacturers’ competitive edge in the local market. According to the official, $5 billion worth of Chinese products flood the Iranian market every year. President of Istanbul Readymade Clothing and Confection Exporters’ Association Hikmet Tanriverdi said Turkish  garment exports to Iran hit $237 million during the eight months of 2016, showing a 219% increase compared with the previous year’s corresponding period.

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